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Technology Stocks : Intel Corporation (INTC)
INTC 35.53-1.1%Nov 14 9:30 AM EST

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To: Raiders who wrote (58777)6/25/1998 3:08:00 PM
From: Darren  Read Replies (2) of 186894
 
I think today's action in the stock has lead me to believe that all is not that great with Intel. Seems like people are still nervous about the stock regardless of what Wall Street analyst have to say.

Has nothing to do with the company itself. Market is trying to fight through several resistance points on it's way to a longer term gain. If you follow S&P Futures, 1155 is the current ceiling. We hit it at noon, and the market tanked. Forget the high 60's. We're going to 85 very soon. If you wanted to use TA, INTC bouncing off a double bottom?
Earnings are a barrier (July 15), but by September 1, we could see 100...sell when your favorite analyst offers the "Strong Buy" rating. Short if he/she puts a price target above 120...My favorite is Erika Klaur. I do the opposite of what she says...
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